Reinsurance and Alternative Risk Transfers

lactu2280  2023-2024  Louvain-la-Neuve

Reinsurance and Alternative Risk Transfers
3.00 crédits
15.0 h
Q1
> Horaire
Enseignants
De Longueville Philippe;
Langue
d'enseignement
Anglais
Préalables
Knowledge in English, level of course LANGL1330.

Knowledge of the concepts at the level of the courses:
  • Actuariat des assurances dommages (LACTU2010)
  • Actuariat de l'assurance-vie (LACTU2030)
  • Quantitative Risk Management (LACTU2210)
  • Actuariat des assurances de personnes (LACTU2230)
Thèmes abordés
The reinsurance market is presented. The different kinds of treaties are described. The pricing of excess loss reinsurance is deeply analysed. The reasons why an insurance company has to be reinsured are explained; finally the point of view of the insurer is adopted in terms of optimality of reinsurance arrangements.
Acquis
d'apprentissage

A la fin de cette unité d’enseignement, l’étudiant est capable de :

1 Contribution of the course to learning outcomes in the Master in Actuarial Sciences programme. By the end of this activity, students will have made progress in:
  • As a priority, the following LO : 1.1, 1.2, 1.3, 1.4, 2.1
  • In a secondary way the following LO : 1.6, 1.7, 1.8, 2.3, 2.4, 2.5
At the end of this course, students will be able to:
  • Analyze the quality of conventional reinsurance contract
  • Criticize the price as well as the analyzes relating to the optimality of the reinsurance structure
 
Contenu
  • Introduction
  • Different forms of reinsurance
  • Excess-of-loss reinsurance pricing
  • Reinsurance wording
  • Insurance linked Securities
  • Reinsurance reserving
  • Optimal reinsurance
Méthodes d'enseignement
Ex-cathedra course.
The course consists of 7 courses of 2 hours and 1 course of 1 hour, extra readings (discussed during the courses) and an extra optional Q&A session at the end.
Modes d'évaluation
des acquis des étudiants
First session: written examination.
For the second session, the examination is in principle written. The lecturer may decide to organise an oral examination if the number of participants is limited.
Bibliographie
  • Walhin J.F. (2012). La Réassurance, 2ème édition. Larcier.
  • Bauwens, V., Walhin, J.F. (2008). La Titrisation du Risque d'Assurance. Larcier.
  • Regulatory texts (Solvency II directive, BNB circulars…)
  • Practical insurance and reinsurance experience
Faculté ou entité
en charge
> LSBA


Programmes / formations proposant cette unité d'enseignement (UE)

Intitulé du programme
Sigle
Crédits
Prérequis
Acquis
d'apprentissage
Master [120] en sciences actuarielles
ACTU2M
3